GURUFOCUS.COM » STOCK LIST » USA » NYSE » Exxon Mobil Corp (NYSE:XOM) » Definitions » Property, Plant and Equipment
Switch to:

Exxon Mobil (NYSE:XOM) Property, Plant and Equipment

: $203,102 Mil (As of Sep. 2022)
View and export this data going back to 1920. Start your Free Trial

Exxon Mobil's quarterly net PPE declined from Mar. 2022 ($212,773 Mil) to Jun. 2022 ($209,159 Mil) and declined from Jun. 2022 ($209,159 Mil) to Sep. 2022 ($203,102 Mil).

Exxon Mobil's annual net PPE declined from Dec. 2019 ($253,018 Mil) to Dec. 2020 ($227,553 Mil) and declined from Dec. 2020 ($227,553 Mil) to Dec. 2021 ($216,552 Mil).


Exxon Mobil Property, Plant and Equipment Historical Data

The historical data trend for Exxon Mobil's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Exxon Mobil Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Property, Plant and Equipment
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 252,630.00 247,101.00 253,018.00 227,553.00 216,552.00

Exxon Mobil Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Property, Plant and Equipment Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 218,795.00 216,552.00 212,773.00 209,159.00 203,102.00

Exxon Mobil Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Exxon Mobil  (NYSE:XOM) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Exxon Mobil Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Exxon Mobil's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Exxon Mobil (NYSE:XOM) Business Description

Exxon Mobil logo
Industry
Address
5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2021, reserves were 18.5 billion barrels of oil equivalent, 66% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals.
Executives
John D Harris director C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Lawrence W Kellner director 1600 SMITH ST., HQSEO, HOUSTON TX 77002
James R. Chapman officer: VP, Tax and Treasurer 120 TREDEGAR STREET, RICHMOND VA 23219
Darrin L Talley officer: Vice President 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
Jeffrey W Ubben director 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Kathryn A Mikells officer: Senior Vice President 77 W. WACKER DRIVE, CHICAGO IL 60601
Alexander Karsner director C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Kaisa Hietala director 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD TX 75039-2298
Gregory James Goff director 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Jon M. Gibbs officer: Executive Officer 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
Leonard M. Fox officer: Vice President and Controller 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
Michael J Angelakis director 40 MORRIS AVENUE, BRYN MAWR PA 19010
Wan Zulkiflee director 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
Craig S Morford officer: Vice President & Gen. Counsel CARDINAL HEALTH, INC., 7000 CARDINAL PLACE, DUBLIN OH 43017
Ian S Carr officer: Vice President 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298

Exxon Mobil (NYSE:XOM) Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership